The scoreboard, honestly: the hard targets, how often each one is actually looked at,
and the quiet human signals that never make it onto a dashboard.
Audit Programme Delivery (Budget & Schedule)
The percentage of assigned audit programmes completed on time and within the allocated budget (in hours).
Target · 90% of programmes delivered on or under budget and schedule.You've got three audits this quarter: one for Accounts Payable (100 hours), one for Revenue Recognition (150 hours), and a smaller one for Expenses (50 hours). If your team finishes AP in 95 hours, Revenue in 160, and Expenses in 45, you're looking good, even with one slightly over.
Finding Quality & Actionability
The number of significant audit findings identified that are clear, well-supported, and lead to actionable remediation plans, requiring minimal revision from your manager.
Target · 85% of significant findings approved with minor or no revisions; 75% of recommendations adopted by the business within 6 months.You draft a finding about a control gap in our new CRM system. It clearly states the risk, provides solid evidence, and suggests a practical fix. Your manager signs off with just a few tweaks to the wording, and the Sales team actually implements your recommendation.
Team Workpaper Quality & Review Note Clearance
The overall quality of your team's workpapers, measured by the average number and significance of review notes raised by your Audit Manager on your team's submissions.
Target · Average of <5 significant review notes per audit file; 90% of review notes cleared on the first pass by your team.After your team submits their workpapers for the payroll audit, your manager only has two minor questions about documentation, and your team resolves them within a day. That's a strong indicator of good leadership and clear expectations.
Proactive Risk Identification
The number of new, material risks or control deficiencies identified during planning or fieldwork that weren't initially part of the audit scope but were brought to management's attention.
Target · Identify at least 2 new material risks or control deficiencies per year that lead to a change in business process or control.During a routine audit of our inventory process, your team uncovers a critical cybersecurity vulnerability in the warehouse management system that no one had considered before. You flag it, and it gets added to the enterprise risk register immediately.
Stakeholder Influence & Relationship Building
Your ability to build trust and influence with business unit VPs and other key stakeholders, ensuring they see Internal Audit as a partner, not just a police force.
- Business leaders proactively seek your input on new projects or process changes. They respond promptly to PBC requests. Feedback from internal clients indicates a collaborative, constructive approach. You're invited to pre-audit planning meetings for major initiatives.
Mentorship & Team Development
How effectively you guide and develop your direct reports, helping them grow their audit skills and take on more complex tasks.
- Your team members consistently meet their individual performance goals. They show measurable improvement in workpaper quality and analytical skills. Feedback from your team indicates you provide clear direction, constructive criticism, and opportunities for growth. Junior staff actively seek your advice.
Audit Methodology & Process Improvement
Your contribution to refining our internal audit methodologies, tools, and processes to make them more efficient, effective, or aligned with industry best practices.
- You propose and implement improvements to our standard audit programmes or templates. You successfully integrate new data analytics techniques into audit testing. Your suggestions lead to measurable time savings or improved audit coverage.
Ethical Conduct & Professional Skepticism
Maintaining the highest standards of independence, objectivity, and professional skepticism in all audit engagements, even when faced with pressure.
- You consistently challenge assumptions and seek corroborating evidence. You escalate potential conflicts of interest or ethical dilemmas appropriately. Your audit conclusions are always evidence-based, regardless of internal pressure or personal relationships. Your team feels comfortable raising concerns to you.